Silver Price Breaks $79 Resistance — Can It Hit $82, $90 or $100 in 2026?

Silver’s recent price action has been nothing short of impressive. After spending months compressing below resistance, the metal surged higher, closing last week near $79.30 following a strong 3.7% weekly gain. 

While thin holiday liquidity played a role, the breakout shows convincing buyer commitment. With supportive fundamentals and powerful technical signals aligning, silver’s outlook for 2026 is now firmly back in the spotlight.

What Is Driving Silver’s Break Above $79?

The break above $79 was not accidental. Technically, silver completed a breakout from a rising triangle pattern on the four-hour chart, a classic bullish continuation structure. Former resistance at $76.35 has now flipped into support, reinforcing the strength of the move.

Momentum indicators confirm the bullish bias. The Relative Strength Index (RSI) is hovering near 88, signalling strong buying pressure without any clear bearish divergence at this stage. Price action has respected a rising trendline, suggesting that dips continue to attract buyers rather than trigger panic selling.

Beyond charts, market structure matters. Silver’s relatively small market size makes it highly sensitive to inflows, and the latest move appears driven by genuine demand rather than speculative spikes alone.

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2026 Silver Price Targets: $82, $90 or $100?

Looking ahead to 2026, analysts are increasingly optimistic — though not blindly so. In the near term, the $81.30 to $82.75 zone is widely viewed as the next logical target. As long as silver holds above the $76–$77 support band, a test of this range remains likely.

Beyond $82, momentum becomes the key variable. Sustained buying pressure could open the door to $90, especially if macro conditions remain supportive. The longer-term $100 scenario, while ambitious, cannot be dismissed outright.

Fundamentally, silver faces its fifth consecutive annual supply deficit, estimated at roughly 95 million ounces in 2025. Industrial demand continues to surge, driven by electric vehicles, solar energy expansion, and growing AI-related hardware production. Meanwhile, silver-backed ETF inflows have surpassed 4,000 tonnes, tightening available supply even further.

Another supportive factor is the compressing gold-to-silver ratio. As this ratio narrows, silver historically tends to outperform gold, attracting both institutional and retail capital.

That said, reaching $100 would likely require a perfect storm: persistent deficits, sustained ETF inflows, and a macro environment that favours hard assets over yield-bearing instruments.

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Key Risks, Supports, and What to Watch

Despite the bullish narrative, silver remains a volatile asset. If prices fall below $76.35, downside risks quickly re-emerge. A deeper pullback could extend towards $73.70, especially if broader risk sentiment deteriorates.

Silver’s smaller market size amplifies price swings, and retail positioning can exaggerate both rallies and corrections. Traders should keep a close eye on leasing rates, currently at their highest levels since 2002, as well as ETP flows and real yields.

Thin-market conditions can also distort price action, particularly during holiday periods or low-liquidity sessions. For active traders, a popular strategy involves buying pullbacks towards $76.50–$77.00, targeting $81.30, with protective stops placed below $73.70 to manage downside risk.

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Conclusion

Silver’s breakout above $79 marks a significant technical milestone and signals renewed confidence in the metal’s longer-term prospects. 

With strong momentum, structural supply deficits, and rising industrial demand, the path towards $82 in the near term looks achievable. 

Moves towards $90 or even $100 in 2026 remain speculative but increasingly plausible if supportive conditions persist. However, given silver’s inherent volatility, disciplined risk management remains essential.

FAQ

Is silver officially in a bull market now?

Silver is showing strong bullish momentum, but confirmation depends on holding key support levels over time.

Can silver really reach $100 in 2026?

It is possible but would require sustained deficits, strong ETF inflows, and favourable macroeconomic conditions.

What is the most important support level to watch?

The $76.35 level is critical; a break below it could shift momentum lower.

Why is industrial demand so important for silver prices?

Silver is widely used in EVs, solar panels, and technology, making demand less speculative than gold.

Is silver riskier than gold as an investment?

Yes. Silver is more volatile due to its smaller market size, but that volatility can also offer higher upside potential.